9/22, 7:44 PM (Source: TeleTrader)
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Chart for: Tellurian Inc.

Trump: US is reciprocating India's investments

United States President Donald Trump said on Sunday he would work with India's Prime Minister Narendra Modi to make the two countries more prosperous. India has never invested in the domestic market as much as it does now, he stressed and said the US is reciprocating. Trump said claimed "a lot of" security deals are "in the works."

The US has won $18 billion in defense contracts with India in the past decade, he asserted and highlighted the opportunities in energy security. The president especially praised an upcoming bilateral arrangement for the delivery liquefied natural gas per year to the Subcontinent. Petronet LNG Ltd. has pledged to invest $2.5 billion in Tellurian Inc.'s terminal in Louisiana in order to secure rights to five million metric tons of LNG per year.

The US and India are preparing the first triservice military exercise, called Tiger Triumph, he said. The establishment of the US Space Force will include cooperation with the government in New Delhi, according to Trump.

Breaking the News / IT